Bank of America
Susan G. Komen® Customized Cash Rewards Visa® credit card from Bank of America
Key Features
| Annual Fee | $0.00 |
| Sign-up Bonus | $200 Cash Rewards Bonus |
| Rewards Rate | 1%-6% Cash Back |
| Intro APR | 0% Intro APR for your first 15 billing cycles for purchases, and for any balance transfers made within the first 60 days of opening your account. |
| Regular APR | A Variable APR that's currently 17.49% to 27.49% will apply after the intro APR offer ends. 17.49% - 27.49% variable |
| Other Fees | 3% of each transaction intro balance transfer fee for the first 60 days your account is open. After the intro balance transfer fee offer ends, the fee for all future balance transfers is 5%. Transfer fees may apply. |
| Network | Visa |
About this card
The Susan G. Komen® Customized Cash Rewards Visa® credit card from Bank of America earns an overall rating of 3.9, placing it firmly in the 'Good' category, and leaning towards 'Excellent' for specific user profiles. This card presents a compelling value proposition primarily for consumers who prioritize cash back rewards on everyday spending, appreciate a no-annual-fee structure, and are disciplined about paying their balances in full. Its strengths are evident in its very strong rewards program, offering an exceptional 6% cash back in a chosen category for the first year (then 3%), an automatic 2% back at grocery stores and wholesale clubs, and a valuable $200 sign-up bonus. The customizable bonus categories allow for tailored earning, which is a significant advantage. The 0% introductory APR for 15 billing cycles on purchases and balance transfers is also a considerable benefit for short-term financing needs. Furthermore, the card's affiliation with the Susan G. Komen foundation adds a charitable aspect, appealing to socially conscious consumers, and it benefits from the solid reputation and extensive infrastructure of Bank of America. However, the card is significantly constrained by its potentially high regular APR, which ranges from 17.49% to 27.49%. The upper end of this range is particularly steep, making it a very expensive option for cardholders who frequently carry a balance, thus diminishing its overall value proposition for a substantial segment of users. The 5% ongoing balance transfer fee is also on the higher side. While the no annual fee is a major plus, the lack of explicit details on other standard fees (like foreign transaction fees) implies they are likely typical and not minimal, which is a minor drawback. The quarterly spending cap on bonus categories, while common, can limit earning potential for high spenders, and the reduction in the top bonus rate after the first year means users need to adapt their strategy. In summary, this card is an excellent choice for financially responsible individuals with good credit who can maximize its strong rewards and introductory APR offers without incurring high interest charges. Its combination of robust cash back, no annual fee, and a reputable issuer makes it a strong contender in the cash back market. However, the high potential regular APR is a critical factor that prevents it from achieving a higher 'Excellent' rating across the board, as it poses a significant risk for those who might carry debt.
Pros & Cons
What's great
- No annual fee
- Intro APR period
- Generous sign-up bonus
- High rewards rate in choice category (first year)
- Cashback on purchases
- Customizable bonus categories
Things to consider
- High regular APR
- High balance transfer fees
- Quarterly cap on bonus rewards
- Reduced rewards rate in choice category after the first year
What this card offers
Sign-up bonuses
- Plus, a $200 online cash rewards bonus offer.
- Online $200 cash rewards bonus after making at least $1,000 in purchases in the first 90 days of your account opening.
Rewards
- 6% cash back in the category of your choice – for the first year.
- Earn 3% cash back + 3% first-year cash back bonus in the category of your choice
- Automatic 2% cash back at grocery stores and wholesale clubs
- Unlimited 1% cash back on all other purchases
- Earn 6% and 2% cash back on the first $2,500 in combined purchases each quarter in the choice category, and at grocery stores and wholesale clubs, then earn unlimited 1% thereafter. After the 3% first-year bonus offer ends, you will earn 3% and 2% cash back on these purchases up to the quarterly maximum.
- After the first year from account opening, you'll earn 3% cash back on purchases in your choice category.
Other features
- Choose which category you want to earn 6% cash back in - for the first year: gas and EV charging stations; online shopping, including cable, internet, phone plans and streaming; dining; travel; drug stores and pharmacies; or home improvement and furnishings.
- To change your choice category for future purchases, you must go to Online Banking, or use the Mobile Banking app. You can change it once each calendar month, or make no change and it stays the same.
- Susan G. Komen® has received more than $15.4 million from Bank of America from the program since 2009.
- From January 1, 2024 through December 31, 2029, Bank of America guaranteed to Susan G. Komen® $3.3 million in conjunction with its Pink Ribbon Banking program. For each new Susan G. Komen Customized Cash Rewards credit card from Bank of America that is used to make a transaction within, and remains open for, the first 90 days of account opening, Komen receives $3 and 0.08% of all retail purchases (less returns) made with the card. For example, 8 cents for every $100. Komen also receives $3 for each renewal of a card that was in good standing during the 12 month period and does not have a zero balance at the time of renewal.
- There's no annual fee and your cash rewards don't expire as long as your account remains open.
- Stay Protected We block potential fraud if abnormal patterns are detected and let you know if we suspect fraudulent activity. Plus, you always get a $0 Liability Guarantee for fraudulent transactions
- Overdraft Protection An optional service to help prevent declined purchases, returned checks or other overdrafts when you link your eligible Bank of America® checking account to your credit card. Transfer fees may apply.
- Paperless Statement Option Opt for paperless credit card statements and increase account security while reducing paper consumption.
- Digital Wallet Technology Discover more ways to pay by adding your Bank of America® credit card to your mobile device then shop in-store or in-app using Apple Pay®, Google Pay™ or Samsung Pay.
- Online & Mobile Banking Access to our award-winning Online and Mobile Banking. Bank on the go from almost anywhere quickly and securely. Pay your credit card bill online, transfer funds, check available credit and more.
- Account Alerts Stay on top of your balances and due dates. Choose from several types of customer email or text alerts and let your phone tell you when payments are due and paid.
Additional Notes
This offer may not be available elsewhere if you leave this page. You can take advantage of this offer when you apply now.